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Why would a firm in a perfectly competitive market always choose to set its price equal to the current market price? If a firm set its price below the current market price, what effect would this have on the market? Discuss.
Business Economics, Economics
Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?
A researcher conducted a one-sample z -test with alpha set to 0.05, and calculated a test statistic of 1.99. The null hypothesis was H 0 : μ = 500 and the critical values were +1.96 and -1.96. Which is the most appropr ...
Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.
Can you please assist with this. The stock price distribution is skewed to the right. The mean is $5 and the standard deviation is $6. At least what proportion of prices is located between 1.5 standard deviations. Hint: ...
Some Statistics students were interested in finding out in there was a relationship between the number of hours of study for a chapter and the score on that test. On the basis of the number of hours their classmates stud ...
A study was conducted of pleas made by 1,032 criminals. Among those criminals, 954 pled guilty, and 394 of them were sentenced to prison. Among the 78 of the other criminals, who pled not quilty, 58 were sentenced to pri ...
If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?
Consider a market in which the government imposes a price ceiling. Assume that neither supply nor demand is perfectly elastic nor perfectly inelastic. Which of the following groups will always gain from a price ceiling? ...
The ages of commercial aircraft are normally distributed with a mean of 13.5 years and a standard deviation of 8.3821 years. What percentage of individual aircraft have ages between 10 years and 16 years? Assume thata ra ...
Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action. Assume that a population is nor ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As